According to Bloomberg, Elon Musk has no longer been a trillionaire since Tuesday, June 23. Yet less than two weeks earlier, the entrepreneur had become the first person ever to reach that level of wealth,

The cost to borrow, a gauge of demand ‌to ⁠short a stock relative to the supply of shares available to lend, remains cheap at about 1%, Ortex data showed.

The slump in shares of SpaceX - which accounts for nearly 80 per cent of Musk's net worth - and his electric vehicle company Tesla came amid a broader sell-off in technology stocks.